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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE JANUARY 22, 2020

Wednesday, January 22, 2020 | 09:01am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.75 percent as published by the Federal Reserve on January 22, 2020.

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News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE DECEMBER 10, 2019

Tuesday, December 10, 2019 | 09:30am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.75 percent as published by the Federal Reserve on December 10, 2019.

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